KiwiSaver, made simple.

What is KiwiSaver?

KiwiSaver is New Zealand's voluntary, work-based retirement savings scheme, run by approved providers (banks, fund managers, insurers). It's designed for retirement but accessible earlier for a first home (subject to conditions), in cases of significant financial hardship, or on emigration.

Contributions (2026+)

• From 1 April 2026, the default contribution rate increased from 3% to 3.5% for both employees and employers.
• You can choose to contribute 3.5%, 4%, 6%, 8% or 10% of your before-tax pay.
• Employers must contribute at least the minimum rate unless they already contribute to another superannuation fund.
• Temporary rate reductions back to 3% are available for 3–12 months if needed.

Government contribution

• From 1 July 2025, the government contributes 25 cents per dollar you contribute, up to a maximum of $260.72 per year.
• To receive the maximum, you need to contribute at least $1,042.86 in the contribution year (1 July – 30 June).
• Members earning over $180,000 annually are no longer eligible for the government contribution from 1 July 2025.
• 16- and 17-year-olds became eligible for government contributions from 1 July 2025 and employer contributions from 1 April 2026.

First home use

You may be able to withdraw some or all of your KiwiSaver savings for a first home purchase, subject to conditions such as minimum membership period and remaining balance rules. We can help you understand eligibility, required documentation, and timing with your mortgage application.

Investment funds & risk

KiwiSaver providers offer different funds (conservative, balanced, growth, etc.) with varying risk and return profiles. Your fund choice should reflect your time horizon, risk tolerance and goals. We can explain options and help you review your current fund.

How we help

• Review your current KiwiSaver provider, fund and contribution rate
• Explain government contributions, tax (PIR) and fees
• Discuss first-home withdrawal rules alongside your mortgage plan
• Align KiwiSaver with your insurance and overall financial strategy

We provide education and guidance on KiwiSaver. For personalised investment advice, we can refer you to a licensed financial adviser if needed.